China stocks closed lower after an early sell-off. Shanghai Composite fell 1.59%, briefly trading below 3,700 intraday before recovering in the afternoon; Shenzhen Composite dropped 2.43% and the ChiNext fell 2.92%. Brokers outperformed and Hualin Securities hit the daily limit. Electronic components extended multi-day gains — Jinlu Electronics hit a 20% limit-up, while Aohong Electronics and Junya Technology also reached limits. Liquor and media saw intraday rebounds with several stocks limitin

China stocks closed lower after an early sell-off. Shanghai Composite fell 1.59%, briefly trading below 3,700 intraday before recovering in the afternoon; Shenzhen Composite dropped 2.43% and the ChiNext fell 2.92%. Brokers outperformed and Hualin Securities hit the daily limit. Electronic components extended multi-day gains — Jinlu Electronics hit a 20% limit-up, while Aohong Electronics and Junya Technology also reached limits. Liquor and media saw intraday rebounds with several stocks limiting out. Insurance, banks, innovative drugs and batteries were active. Lagging sectors included coal, oil & gas extraction, planting, cultivated diamonds, shipping & ports and CPO. Combined turnover on Shanghai and Shenzhen was 1.63 tln yuan, up about 218.6 bln yuan from yesterday. Market breadth was weak, roughly 400 stocks up versus about 4,800 down.